Applied Materials Inc. (NASDAQ:AMAT) shares reached a new 52-week high on Friday . The stock traded as high as $24.97 and last traded at $24.87, with a volume of 7,706,522 shares traded. The stock had previously closed at $24.29.

A number of analysts have commented on the stock. Vetr cut shares of Applied Materials from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research report on Thursday. Summit Redstone reaffirmed a “buy” rating on shares of Applied Materials in a research report on Wednesday, June 29th. Nomura reaffirmed a “buy” rating and set a $28.00 price objective on shares of Applied Materials in a research report on Tuesday. B. Riley reaffirmed a “buy” rating and set a $27.00 price objective on shares of Applied Materials in a research report on Tuesday. Finally, Nomura Holdings Inc. reaffirmed a “buy” rating and set a $28.00 price objective on shares of Applied Materials in a research report on Thursday, June 30th. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Applied Materials presently has a consensus rating of “Buy” and a consensus price target of $25.30.

The firm’s 50-day moving average is $23.71 and its 200 day moving average is $20.23. The stock has a market capitalization of $27.09 billion and a price-to-earnings ratio of 23.03.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, May 19th. The manufacturing equipment provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the business posted $0.29 EPS. Applied Materials’s revenue was up .3% compared to the same quarter last year. Analysts anticipate that Applied Materials Inc. will post $1.53 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Tuesday, August 23rd.

In other news, VP Ali Salehpour sold 40,000 shares of the firm’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $24.37, for a total value of $974,800.00. Following the sale, the vice president now owns 548,947 shares in the company, valued at $13,377,838.39. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stephen R. Forrest sold 5,000 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $22.86, for a total transaction of $114,300.00. Following the completion of the sale, the director now owns 93,959 shares in the company, valued at approximately $2,147,902.74. The disclosure for this sale can be found here.

A number of large investors have bought and sold shares of AMAT. Holderness Investments Co. increased its stake in shares of Applied Materials by 0.5% in the fourth quarter. Holderness Investments Co. now owns 87,415 shares of the manufacturing equipment provider’s stock valued at $1,632,000 after buying an additional 410 shares in the last quarter. Tredje AP fonden increased its stake in shares of Applied Materials by 1.7% in the fourth quarter. Tredje AP fonden now owns 78,651 shares of the manufacturing equipment provider’s stock valued at $1,468,000 after buying an additional 1,295 shares in the last quarter. Bragg Financial Advisors Inc increased its stake in shares of Applied Materials by 3.2% in the fourth quarter. Bragg Financial Advisors Inc now owns 104,376 shares of the manufacturing equipment provider’s stock valued at $1,949,000 after buying an additional 3,230 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of Applied Materials by 3.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 158,670 shares of the manufacturing equipment provider’s stock valued at $2,962,000 after buying an additional 4,773 shares in the last quarter. Finally, Synovus Financial Corp increased its stake in shares of Applied Materials by 6.5% in the fourth quarter. Synovus Financial Corp now owns 102,596 shares of the manufacturing equipment provider’s stock valued at $1,915,000 after buying an additional 6,241 shares in the last quarter.

Applied Materials, Inc (Applied) provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The Company operates in four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions.

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